California Real Estate Fraud Report

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08
Nov

Defendants in Real Estate Fraud Get a Break after Judge Tosses Charges

A case in which lenders were defrauded of $15.2 million went south when the presiding judge threw out most of the charges because the district attorney filed her case too late.

Fresno County Superior Court Judge Jonathan Conklin noted that the office of Fresno County District Attorney Elizabeth A. Egan had missed the four-year statute of limitations by filing almost one month too late. This resulted in 100 of 140 charges against the defendants being dismissed. There are now just four defendants facing 13 charges; eight of the defendants have no charges remaining against them. They are Paul Isaac Ramirez, Lisa Sanchez, Johnny Marcos Sanchez, and Lorenzo Lopez.

The original complaint accused 12 people of fraudulently obtaining loans to buy 19 homes in Fresno, Clovis, Sanger and Bakersfield between July 2005 and December 2006. The mortgage fraud originally came to authorities’ attention when Henry Milton, the owner of Worldwide First Mortgage, noticed irregularities with the loans and filed a consumer complaint with the Fresno County District Attorney’s Office.

Read the original article in the Fresno Bee.

© Copyright 2007-2017 Monique Bryher

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The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud, short sale fraud, REO fraud, appraisal fraud, loan modification scams, loan modification fraud and other real estate related crimes occurring in Los Angeles and California. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about real estate fraud, mortgage fraud and appraisal fraud matters or who believe they require legal counsel should seek the advice of an attorney.

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